The GENIUS Act includes robust new requirements for stablecoin users, including reserve backing; transparency and audits; anti-money laundering and sanctions compliance; and restrictions on marketing and yield.

*** This episode qualifies for nano CPE credit. Find out more at https://njcpa.org/nano. ***

Resources:

• Accounting and auditing articles and events
• Cryptocurrency and digital assets articles and events
• Join the Accounting & Auditing Standards Interest Group

Whether you call it soft skills, people skills, relational abilities or core professional competencies — communication, emotional intelligence and adaptability often make a big difference in a professional’s career growth. CPA and author Jerry Maginnis returns to the podcast to discuss the role of soft skills in a successful career.

Topics discussed:

• How soft skills can be a differentiator between average and outstanding professionals
• How the value of soft skills has changed
• The most critical soft skills for young CPAs
• How companies can better identify, nurture and reward soft skills among their teams
• An example of how soft skills played a crucial role for Jerry

Resources:

• Jerry’s book, Advice for a Successful Career in the Accounting Profession, How to Make your Assets Greatly Exceed your Liabilities
• Career development articles, resources and events

The Financial Accounting Standards Board has issued a new standard for the measurement of credit losses for accounts receivable and contract assets. Are you prepared to implement it?

*** This episode qualifies for nano CPE credit. Find out more at https://njcpa.org/nano. ***

Resources:

• FASB Issues Standard that Improves Measurement of Credit Losses for Accounts Receivable and Contract Assets
• Accounting and auditing articles and events
• Join the Accounting & Auditing Standards Interest Group

As the next generation of accountants and finance professionals enters the workforce, one priority stands at the forefront: building a workplace that not only attracts younger talent but also keeps them engaged and inspired for the long haul. Alex Romero of Galasso Learning Solutions.

Topics discussed:

• Understanding what younger talent values
• Creating a culture of belonging
• Key elements of emotional intelligence that foster retention and engagement
• The importance of emotional intelligence for young professionals
• Other important skills for young professionals
• Tactics to build an employee experience that retains and energizes

Resources:

• Employee management articles, resources and events
• Career development articles, resources and events
• Learn about Galasso Learning Solutions

Does your nonprofit receive government grants? The accounting rules may be changing.

*** This episode qualifies for nano CPE credit. Find out more at https://njcpa.org/nano. ***

Resources:

• Proposed FASB ASU: Government Grants (Topic 832)
• Accounting and auditing articles and events
• Join the Accounting & Auditing Standards Interest Group

Mark Koziel, CPA, CGMA, the new president and CEO of the American Institute of CPAs, recently sat down with Aiysha (AJ) Johnson, MA, IOM, CEO and executive director of the NJCPA, to discuss numerous issues impacting the accounting profession.

Topics discussed:

• Expanding the pathway to CPA
• Mobility concerns
• Additional efforts to attract more people to the profession
• One Big Beautiful Bill (HR1)
• Other pending legislation impacting the profession
• The future of the PCAOB
• Implementation of new quality management standards
• Mark’s priorities for the coming year

Resources:

• CPA Pipeline Knowledge Hub
• NASBA Licensure Pathway Tracker
• One Big Beautiful Bill Knowledge Hub
• Quality Management Standards Knowledge Hub

Misinformation about the One Big Beautiful Bill was rampant even before it was signed into law on July 4. Joining us to separate fact from fiction about several provisions of the bill is Lauren Landolfi, CPA, shareholder and tax department practice leader at WilkinGuttenplan. 

Topics discussed:

• Myth 1: There are no federal taxes on Social Security income
• Myth 2: The new $40,000 SALT deduction cap is just for married filers
• Myth 3: There are no taxes on overtime or tips
• Myth 4: There are no changes to the deductibility of charitable contributions
• Myth 5: Gamblers can continue to deduct all of their losses
• Myth 6: I still don’t need to worry about the AMT

Resources:

• Events and information about the One Big Beautiful Bill Act
• Social Security Administration press release

Are you ready to step up your fraud detection game? Following three years of research, the AICPA’s Auditing Standards Board has proposed updates to the Statement on Auditing Standards regarding auditors’ responsibilities related to fraud. Get an overview of the proposal.

*** This episode qualifies for nano CPE credit. Find out more at https://njcpa.org/nano. ***

Resources:

• AICPA Seeks Comment on Proposed Update to Auditors’ Responsibilities Related to Fraud
• Accounting and auditing articles and events
• Join the Accounting & Auditing Standards Interest Group

Get a rundown on what’s included — and not included — in New Jersey’s $58.8 billion budget for fiscal year 2026.

Topics discussed:

• Overall thoughts on the budget from the business community’s perspective
• Tax increases
• Assistance to businesses
• Property tax relief
• Maintaining a budget surplus
• Impact of the One Big Beautiful Bill Act on New Jersey

Resources:

• More about New Jersey’s budget

In a recent Forbes article, Paul Peterson, CPA, CEO and managing partner of Wiss, wrote that if you were designing the accounting profession from scratch today, it wouldn’t look anything like the version most firms are still trying to maintain. Paul joins us for a discussion about how firms are adapting to the changes in career expectations, shifting client expectations, the impact of AI and more.

Resources:

• Disruption In Accounting: The CPA Shortage Meets the Rise of AI (Paul’s Forbes article)
• Firm Management Knowledge Hub
• CPA Pipeline Knowledge Hub